If we don't break out now, wait til Week 1 or 2 of April KMD/BTC
KMD is in a beautiful falling wedge. We're sitting on a support line right now, and this is right after a perfect hammer formation. I'm expecting to break out very shortly. In the event we fall below this support, I expect us to move down a bit more towards the end of the squeeze of the falling wedge and will be looking to break out within Week 1 or Week 2 of April - so I will be keeping a very close eye on this one. Either way, we're due for a breakout, it's just a case of where to place buy orders - so for short term, I'm waiting to break the current resistance before placing a buy, in the slightly longer term, I'll be waiting for the end of the falling wedge.
Comments welcome! I'd love to hear your take on this.
Comments welcome! I'd love to hear your take on this.
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